BitMart admits it cannot fully repay customers after $319.5M shortfall
- —2021 hack cut BitMart reserves by $319.5 million
- —Losses: $164.1M in ETH, $96.5M in BNB, $51.5M in BTC
- —A $10 million investor offer was deemed insufficient to cover the deficit
- —Payout plan to be discussed with top 50 clients within 3–4 weeks
Why it matters: The collapse of another exchange deepens distrust in centralized platforms and could accelerate withdrawals toward larger players.
Source: Bits.media